Online Deposit Account Opening

Deborah Crawford

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience.

Deborah's Other Events

OnDemand

Opening deposit accounts online is becoming a way of life instead of an exception. In building your system, you will need not only your marketing people involved from the outset, but also your compliance team.

The question is how to comply with all the new account opening procedures using the online mechanism and meet examiner expectations and scrutiny. The process should engage your customer, but not put your financial institution in the regulatory hot seat.

We'll examine the life cycle of this service from start to finish, and you'll receive checklists and thoughts about how to begin offering this service or check your existing process.

Covered Topics

Adding this service to your BSA risk assessment

CIP, CDD and other issues in identifying the account holder

A checklist of how to accomplish the regulatory process online

Special issues on withholding, nonresident aliens, and other IRS issues

Federal disclosures and their delivery

Funding of the account

Signatures, ownership, access and signature card requirements

FDIC, Patriot Act and other signage

Putting the pieces together for compliance and risk management

Who Should Attend?

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